Fears about Bitcoin being banned in Russia seemed to be allayed when a top Russian apex bank executive categorically claimed in a study that Bitcoin can not be banned. Bank of Russia’s legal department director Alexei Guznov has been caught saying in a recent article that a ban on cryptocurrencies will be a Hercules mission. […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Yesterday, the bulls took price to a high of $5,572 and were resisted. The $5,500 resistance is the upper price range of the current tight range. Today, the price is falling and approaching the lower price range […]
• Bitcoin is down by 2.30% following a price rejection at $5500 • Bitcoin remains in a tight range, but a triangle breakout is likely on the hourly Since our previous crypto trading signals, Bitcoin continued to facing tough resistance around $5560. More so, the market is in a range-bound for the past few […]
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• Bitcoin’s bearish sentiment is suspended in a sideways following a nice recovery from $4000 • The $6000 resistance is a key breakout level for Bitcoin to start a short-term increase Bitcoin has remained in a consolidation mode for a while now after recovering from the $4000 (the current 2020 low) last week. Though Bitcoin […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Today, Bitcoin has been trading in a confined range of $4,500 and $5,500. The bears took the price to a low of $4,500 and were repelled. The bulls have earlier been resisted at the $5,500 and $6,000 […]
Following yesterday’s $800 gains, Bitcoin trapped buyers and resumes selling pressure towards $4000 There’s hope for buyers if Bitcoin can climb back to $6000 resistance as $5000 remains an important level Since the March 12 crash to $4000 (Bitfinex), Bitcoin saw a small recovery near $6000 but failed after rejecting twice. Following a quick $800 […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish After the last breakdown on March 12, the coin dropped from the high of $8,000 to the low of $4,600 and then resumed consolidation. Bitcoin has continued to fluctuate between $4,500 and $5,500. The bulls are currently […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin has dropped considerably and it is trading above $5,000 support level. Before the actual downward movement,the market was consolidating at the $8,000 resistance. The breakdown was very powerful as it broke the support levels of $7,000, […]
